Corruption is a major problem for most emerging markets, and in truth, quite a few developed states. Time and time again in BMI’s analysis on emerging markets, my colleagues and I have written on how governments need to crack down on corruption, if they want to attract greater foreign investment and prosper. However, this is [Read more...]
The Fall of the Berlin Wall and the end of Communism in Europe was probably inevitable, given the inability of the Communist system to compete economically with the West. We now hear that communism was ‘unsustainable’ and I largely agree, but at the same time I don’t think it was inevitable that the Berlin Wall [Read more...]
Former Chinese premier Zhou Enlai (1949-76) was once asked about the impact of the French Revolution in 1789, and he replied ‘It’s too early to say’. However, with today marking the 30th anniversary of the fall of the Shah of Iran, one thing that I can say with confidence is that the Iranian Revolution was [Read more...]
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